[ANNOUNCE] RuCoin - Russian alternate cryptocurrency - exchange is up already!

[Balthazar]

i have a question. where i can see difficulty and total hash rate?

Hello. You can see difficulty and current block count on the http://rucoin.itzod.ru/ main page. Total hashrate can be approximately evaluated by calculation number of network blocks per hour/day. Good idea, i will think about it.

Current network hashrate is approximately 80-100GH/s. Very little network at the moment.

[1713855865]

1713855865

[1713855865]

1713855865

[wigglyuk]

A Place to spend your RUC to win more RUC and or BTC.

https://bitcointalk.org/index.php?topic=49781.0

[Balthazar]

New difficulty is 7461.24538765 

[Balthazar]

Well, I'm back.

Average pool speed for 30 minutes ~ 1.15 Gh/s.

And something disappointing me...

So, I've started some experiments with rewards system today. Now, the pool pays you for every share an additional 10%. The 10% of each accepted share price is charged in real time and do not appear in the statistics. They also do not affect the payment of rewards for blocks.

The "10%" selected just to see how the system works. The increase of additional payments is planned for the nearest future.

[bulanula]

Convince me that this is not just a scheme to make you some $$$. You are running the pools, you are making the clients, you are moving the exchanges, you are saying someone put 500 000 USD into this. Sounds like pump and dump allright. Why no other RUC pools or exchanges ? You seem to be calling all the shots here my friend. Do not like. Maybe you are the Russian version of CH / RS ?

Thanks.

[Balthazar]

Convince me

And why should I do?

Maybe you are the Russian version of CH / RS ?

I'm not affiliated with rucoin project. You can ask this question to rucoin developer and project leader, alexsmf (alex@rucoin.org). I can answer only questions about my pool, or some technical questions, such as questions about setting up your own pool or questions about network. For example, I can say you, that there is no pre-mined coins. It is unlikely that users of solidcoin can say the same words.

Why no other RUC pools or exchanges ?

I don't know, why there is no other RUC exchange. But there is one other pool:
http://focalway.com/

P.S. btc-e.com is multi-currency excange, not only RUC/BTC. Primarily, is the BTC/USD exchange.

[bulanula]

Convince me

And why should I do?

Maybe you are the Russian version of CH / RS ?

I'm not affiliated with rucoin project. You can ask this question to rucoin developer and project leader, alexsmf (alex@rucoin.org). I can answer only questions about my pool, or some technical questions, such as questions about setting up your own pool or questions about network. For example, I can say you, that there is no pre-mined coins. It is unlikely that users of solidcoin can say the same words.

Why no other RUC pools or exchanges ?

I don't know, why there is no other RUC exchange. But there is one other pool:
http://focalway.com/

P.S. btc-e.com is multi-currency excange, not only RUC/BTC. Primarily, is the BTC/USD exchange.

OK thank you for clarifying that you are not the developer and only pool owner. I sold all my SC long time ago at 0.0126 rate

[Balthazar]

I sold all my SC long time ago at 0.0126 rate

[Balthazar]

The "10%" selected just to see how the system works. The increase of additional payments is planned for the nearest future.

100%. Users, where you are?  

[Balthazar]

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

[Come-from-Beyond]

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

Well... Pre-mine doesn't mean SCAM...

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

Thx in advance.

[unabridged]

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

at least open your site back up so i can withdraw my coins

[Balthazar]

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

at least open your site back up so i can withdraw my coins

PM. 

[Balthazar]

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

Well... Pre-mine doesn't mean SCAM...

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

Thx in advance.

In this case, it is a scam because the withholding of information is a bad sign. Project authors must publish information about pre-mine at project startup. But not when everybody already know it.

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

You can download source code
https://www.rucoin.org/rucoin-0.401.tar.gz

and see this in GetBlockValue function:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 4 years
    nSubsidy >>= (nHeight / 210000);
    if (nHeight == 1)
         nSubsidy = 2000000 * COIN;
    return nSubsidy + nFees;
}

[Come-from-Beyond]

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

You can download source code
https://www.rucoin.org/rucoin-0.401.tar.gz

and see this in GetBlockValue function:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 4 years
    nSubsidy >>= (nHeight / 210000);
    if (nHeight == 1)
         nSubsidy = 2000000 * COIN;
    return nSubsidy + nFees;
}

Btw, they could change the code from "20000000000000000 * COIN;" to "2000000 * COIN;" some time ago, so there could be much more pre-mined coins.

[Balthazar]

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

You can download source code
https://www.rucoin.org/rucoin-0.401.tar.gz

and see this in GetBlockValue function:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 4 years
    nSubsidy >>= (nHeight / 210000);
    if (nHeight == 1)
         nSubsidy = 2000000 * COIN;
    return nSubsidy + nFees;
}

Btw, they could change the code from "20000000000000000 * COIN;" to "2000000 * COIN;" some time ago, so there could be much more pre-mined coins.

Developer published confirmation of premine volume two days ago. Anyway, this change of source code is meaningless without premine. You can apply getblockbycount patch and see block #1, if you want.

This change of source code takes effect only on getwork and validation of block. So, if you mine block #1 with this function in client, you'll get 2M of coins. If you change code to "200000000000000 * COIN" some time later, you'll still have 2M of coins. Also, if you change this value to less than 2M, block #1 will be detected as invalid, and as a result, you'll get a split of block chain.

[ThiagoCMC]

Seems not working...

Code:

./rucoin-0.4.0.1/src/rucoind getconnectioncount
0

It supports merged mining alongside with Bitcoins?!

Code:

./rucoin-0.4.0.1/src/rucoind getauxblock
error: {"code":-32601,"message":"Method not found"}

Seems not?!

Thanks!
Thiago

[markm]

I didn't think anyone had ever claimed it could be merged-mined? Otherwise I would be merged-mining it.

No point hacking it to add merged mining though, might as well instead wait for someone to put the merged mining patches into a very recent version of bitcoin to make a new updated version of some existing merged-mined coin then clone that to make umpteen new currencies that can be merged mined so we can really put merged mining to a stress-test of just how many chains we can merged-mine at once.

If no one updates a merged mined currency to latest bitcoin standards in some undetermined amount of time I will likely do it myself, probably to GRouPcoin as traditionally it is the one for prototyping/testing new stuff with, then use that to make afresh the UKB, CDN, UNS, GMC, GRF etc etc family of chains.

-MarkM-

EDIT: Or oh heck why not, maybe I will add merged mining to it for them for a 2 million RUC bounty, silly to have all that premine set aside for bounty and not use it eh?

[tiker]

It looks like the binaries on the download site are built on 5.x code and do support merged mining (I think).  The problem is, the 5.x binaries don't seem to connect to anything.  The source code on the site hasn't been updated.

Code:

fred@funkylinux29:~/apps$ ./clients/rucoind getauxblock
error: {"code":-9,"message":"RuCoin is not connected!"}
fred@funkylinux29:~/apps$ ./clients/rucoind getinfo
{
    "version" : 50200,
    "edition" : "2.1-892",
    "balance" : 0.00000000,
    "blocks" : 17278,
    "connections" : 0,
    "proxy" : "",
    "generate" : false,
    "genproclimit" : -1,
    "difficulty" : 1789.00569829,
    "hashespersec" : 0,
    "testnet" : false,
    "keypoololdest" : 1328304975,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "errors" : ""
}

[tiker]

Guess I should have left it running a bit longer...  

It also appears that the 4.x and 5.x clients are not compatible with each other and won't connect.  (addnode= line on a 4.x client to a 5.x client will drop after a few seconds)

Code:

fred@funkylinux29:~/apps$ ./clients/rucoind getauxblock
{
    "target" : "000000000000000000000000000000000000000000000000d0a1240000000000",
    "hash" : "4ff534fd200fc34b9fca24dd95556b65c2d58d1b5b0ab3d44a045191f4e1b8e7",
    "chainid" : 7
}